Montage Resources Stock Price, Forecast & Analysis (NYSE:MR)

Montage Resources trades on the New York Stock Exchange (NYSE) under the ticker symbol "MR."

Montage Resources Corp (NYSE:MR) released its earnings results on Tuesday, August, 6th. The medical instruments supplier reported $0.41 earnings per share for the quarter, beating the Thomson Reuters' consensus estimate of ($0.03) by $0.44. The medical instruments supplier had revenue of $155.54 million for the quarter, compared to analysts' expectations of $145.23 million. Montage Resources had a return on equity of 9.65% and a net margin of 8.58%. View Montage Resources' Earnings History.

Montage Resources is scheduled to release their next quarterly earnings announcement on Thursday, February 6th 2020. View Earnings Estimates for Montage Resources.

3 brokers have issued 12 month price objectives for Montage Resources' stock. Their forecasts range from $7.00 to $17.00. On average, they expect Montage Resources' share price to reach $11.33 in the next year. This suggests a possible upside of 125.8% from the stock's current price. View Analyst Price Targets for Montage Resources.

3 Wall Street analysts have issued "buy," "hold," and "sell" ratings for Montage Resources in the last year. There are currently 3 buy ratings for the stock, resulting in a consensus recommendation of "Buy." View Analyst Ratings for Montage Resources.

Media headlines about MR stock have been trending very negative recently, InfoTrie Sentiment reports. The research firm rates the sentiment of media coverage by monitoring more than six thousand news and blog sources in real time. The firm ranks coverage of companies on a scale of negative five to positive five, with scores nearest to five being the most favorable. Montage Resources earned a media sentiment score of -3.0 on InfoTrie's scale. They also gave media coverage about the medical instruments supplier a news buzz of 10.0 out of 10, meaning that recent media coverage is extremely likely to have an effect on the company's share price in the immediate future. View News Stories for Montage Resources.

Montage Resources saw a increase in short interest in October. As of October 31st, there was short interest totalling 1,910,000 shares, an increase of 11.0% from the September 30th total of 1,720,000 shares. Based on an average daily volume of 610,900 shares, the short-interest ratio is currently 3.1 days. Approximately 10.7% of the company's stock are sold short. View Montage Resources' Current Options Chain.

Some companies that are related to Montage Resources include Carrizo Oil & Gas (CRZO), GENEL ENERGY PL/ADR (GEGYY), Dorchester Minerals (DMLP), W&T Offshore (WTI), Antero Resources (AR), Whiting Petroleum (WLL), Falcon Minerals (FLMN), Hess Midstream Partners (HESM), Denbury Resources (DNR), Gulfport Energy (GPOR), Laredo Petroleum (LPI), Penn Virginia (PVAC), Earthstone Energy (ESTE), Advantage Oil & Gas (AAVVF) and Bonanza Creek Energy (BCEI).

Based on aggregate information from My MarketBeat watchlists, some companies that other Montage Resources investors own include Rex Energy (REXX), Pegasystems (PEGA), Curis (CRIS), Ford Motor (F), Gulfport Energy (GPOR), Chesapeake Energy (CHK), XPO Logistics (XPO), Capstone Turbine (CPST), Heat Biologics (HTBX) and Opko Health (OPK).

Montage Resources' stock is owned by a variety of of institutional and retail investors. Top institutional shareholders include Systematic Financial Management LP (0.38%), Virginia Retirement Systems ET AL (0.08%), Rhumbline Advisers (0.07%), California Public Employees Retirement System (0.05%), Zurcher Kantonalbank Zurich Cantonalbank (0.04%) and Prime Capital Investment Advisors LLC (0.04%). Company insiders that own Montage Resources stock include Encap Energy Capital Fund Viii, John K Reinhart, Michael L Hodges, Oleg E Tolmachev and Richard D Paterson. View Institutional Ownership Trends for Montage Resources.

MR stock was purchased by a variety of institutional investors in the last quarter, including Systematic Financial Management LP, Virginia Retirement Systems ET AL, Zurcher Kantonalbank Zurich Cantonalbank, Tower Research Capital LLC TRC , California Public Employees Retirement System, Prime Capital Investment Advisors LLC and Rhumbline Advisers. Company insiders that have bought Montage Resources stock in the last two years include Encap Energy Capital Fund Viii, John K Reinhart, Michael L Hodges and Oleg E Tolmachev. View Insider Buying and Selling for Montage Resources.

Shares of MR can be purchased through any online brokerage account. Popular online brokerages with access to the U.S. stock market include Vanguard Brokerage Services, TD Ameritrade, E*TRADE, Robinhood, Fidelity and Charles Schwab.

One share of MR stock can currently be purchased for approximately $5.02.

Montage Resources has a market capitalization of $179.77 million and generates $515.15 million in revenue each year. Montage Resources employs 159 workers across the globe.View Additional Information About Montage Resources.

The official website for Montage Resources is http://www.montageresources.com/.

Montage Resources' mailing address is 122 WEST JOHN CARPENTER FREEWAY SUITE 300, IRVING TX, 75039. The medical instruments supplier can be reached via phone at 469-444-1647.